The Department of Economics Welcomes Two New Tenure-track Faculty Members

Dr. Kuzey Yilmaz received his PhD in Economics from the University of Rochester. He specializes in Public Economics, Urban Economics, and Labor Economics. Maksim Isakin received his PhD in Economics from the University of Calgary. He specializes in Financial Economics. In spring 2017, Dr. Yilmaz will teach Public Economics while Dr. Isakin will offer a special topics course in Financial Economics. We are excited by the arrival of these new faculty members.

Outstanding Major Award in Economics AY 2016-2017

Anthony DiSantis

Anthony graduated in fall of 2016, Magna Cum Laude, achieving a Bachelor of Arts in Economics with minors in both math and statistics. After graduation, Anthony plans on continuing his education by joining the Economics MA program here at Cleveland State.

Stephen Jakubowski

Greater Cleveland native with a penchant for the arts and new restaurants, wherever they may be. Graduated in the Spring of 2017 with a major in Economics with Scholars Distinction from the Mandel Honors College and a second major in Psychology. Stephen carries a love for the studies surrounding decision making and cognitive biases; he hopes to craft a career applying that research to contribute to the creation of a richer, more complex world.

Recent Faculty Research Activities

Research Grants and Awards

Professors Phuong Ngo and Maksim Isakin received a Faculty Scholarship Initiative from the Office Research to support their project titled “Modeling Inflation: A New Approach.” The award runs from July 2017 through June 2018.

Professor Phuong Ngo will receive the NASDAQ OMX Award for the Best Paper on Asset Pricing at the 2017 WFA Annual Conference.

Publications

Associate Lecturer Aycan Koksal published her paper “How do smoking bans at the restaurants affect restaurant and at home alcohol consumption?” in the June 2016 issue of Empirical Economics (with Michael Wohlgenant).

Professor Vasilios D. Kosteas’ paper “Workers’ Participation in Training and Import Competition: Evidence from the USA” will be published in The World Economy during summer 2017.

Professor Vasilios D. Kosteas published his paper “Exercise and Time Preference” in the December 2015 issue of International Journal of Health Economics and Management.

Professor Vasilios D. Kosteas published his paper “Journal Impact Factors and Month of Publication,” in the September 2015 issue of Economics Letters.

Professor Phuong Ngo published his paper “The Risk of Hitting the ZLB and the Optimal Inflation Target”. In the May 2017 issue of Macroeconomic Dynamics.

Professor Kuzey Yilmaz published his paper “Land use controls and the Provision of Education” in the September 2015 issue of Public Finance Review (with E. Hanushek).

Conference and Seminar Presentations

Professor Myong-Hun Chang presented his paper “The Social Dynamics of Stigma” at the 43rd Eastern Economic Association Annual Conference in New York City in February 2017 and at the International Congress on Agent Computing at George Mason University in Fairfax, Virginia on November 2016. The paper is an outcome of his current research on social dynamics.

Professor Myong-Hun Chang presented his paper “A Non-Equilibrium Theory of Merger Waves” at the 41st Eastern Economic Association Annual Conference in New York City on February 2015. This paper is an outcome of his long-term project on industrial dynamics.

Professor Vasilios D. Kosteas presented his paper “Determinants of Post-Displacement Reemployment Outcomes and Occupation Changes” at the 2017 meetings of the Midwest Economics Association in Cincinnati.

Professor Vasilios D. Kosteas presented his paper “High School Athletics Participation and Physical Activity in Middle Age” at the 2016 meetings of the Midwest Economics Association in Chicago.

Professor Phuong Ngo presented his paper “Risk Premia at the ZLB: a Macroeconomic Interpretation” at the 2016 National Bureau of Economic Research - Summer Institute (NBER SI) - Macro, Money and Financial Frictions/Asset Pricing and will present it at the 2017 Western Finance Association Annual Conference this summer.

Professor Phuong Ngo will present his paper “Paper’s title: Does Calvo Meet Rotemberg at the Zero Lower Bound?” at the 2017 Society for Computational Economics Annual Conference later this summer.

Professor Kuzey Yilmaz presented his paper “The Role of Government in Metropolitan Suburbanization” at the 2017 Midwest Economic Theory Conference in Lexington, Kentucky and will present it again at the 2017 North American Summer Meeting of the Econometric Society in Saint Louis.

Professor Kuzey Yilmaz also presented his paper “Decentralized School Finance and Metropolitan Suburbanization” at the 2016 Northeast Ohio Economist Workshop hosted by the Cleveland State University Economics Department and presented the paper at the 2016 American Real Estate and Urban Economics Association and Allied Social Sciences Association Annual Meeting in San Francisco.